Transforming Towns
In this section
- 7. Claw back - When you may have to repay the grant
- 8. Environmental Impact
- 9. Security
- 10. Statutory Authority and Subsidy Control
- 11. Community Benefits
- 12. How to apply
7. Claw back - When you may have to repay the grant
Any grants provided will be recovered should your business:
- cease to trade
- significantly change from the details you provided in your application
- sell any items purchased with grant money
- change ownership
- relocates out of Carmarthenshire or is sold
You will need to pay back any money you have received from the grant as follows:
Amount of funding | Date from final payment | Amount to be repaid |
---|---|---|
Up to £250,000 | Within 5 years | Funding to be repaid in full |
Up to £250,000 | After 5 years | No funding to be repaid |
£250,000 + | Within 10 years | Funding to be repaid in full |
£250,000 + | After 10 years | No funding to be repaid |
The grant must be repaid in full on demand if:
- you are found to have made any misrepresentation in your application.
- you have breached the terms of the grant. You will receive full details of the terms if your application is successful.